Daily Market Update 2/08

In Today’s Market Update, We Cover Wormhole Tokenomics, Punks in Residence, Jupiter LFG's Next Drops, Farcaster DEGEN Airdrop, and More.

Author

Jake
February 08, 2024

Your #1 NFT, Crypto, and FinTech News Aggregator. Curated daily by our in-house team of analysts. Listen to our podcast on Spotify or Apple Music.

Top Stories

Wormhole releases tokenomics and airdrop criteria for its upcoming $W token with 10B supply and 1.8B initial circulating supply; snapshot taken before publication

Sanctum, Sharky, deBridge to be voted on by holders for permission to launch on Jupiter’s LFG Launchpad

CryptoPunks introduces Punks in Residence featuring Nina Chanel Abney as its first artist, offering a platform for artists to define "what does punk mean to you?”

Farcaster memecoin DEGEN, launches its “Airdrop 2” campaign, tipping protocol users increases points

SZN2 Updates

📣 Announcements:

  • SZN3 is LIVE! Buy, Bid, List, Accept Offers on the Mintify Marketplace!

  • FUTR Multiplier! Our PFP FUTR now grants a multiplier on XP earned!

  • Curated Collections! Trade from these for maximum XP rates!

  • Find everything you need to know in our Mirror Article!

⏳️ What’s Up Next:

  • LootBoxes, Full & In-App Notifications, Wallet Tracking, Drag & Drop Modules, Sharing Custom Layouts, Creator Leaderboard, & More

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints (EST):

  • 01:00 PM Ordinals Gang

  • 01:10 PM ZeBlocks: ‘Pebbles’ on NextGen

  • 03:00 PM Graphite Method: ‘Winter Garden’ on Layerr

⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain (24h):

  • ETH: $30.7M (46% ▲)

  • BTC: $7M (8% ▽)

  • SOL: $256k (46% ▲)

  • MATIC: $1.2M (6% ▲)

  • AVAX: $1.2M (62% ▲)

🪙 Top Tokens:

  • BTC: $ 45,114 (4.6% ▲)

  • ETH: $ 2,441 (2.5% ▲)

  • BNB: $ 318.30 (4.7% ▲)

  • SOL: $ 104.57 (9.4% ▲)

  • XRP: $ 0.517 (2.6% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $ 1.73T

  • BTC Dominance: 52.86%

  • BTC OI: $11.4B

  • Fear & Greed: 66

💹 Indices (Futures):

  • DOW: $38,813 (0.1% ▲)

  • S&P500: $5,011 (0.1% ▽)

  • NASDAQ: $17,827 (0.1% ▽)

  • FTSE100: $9,639 (0.1% ▲)

  • HSI: $2,029 (0.2% ▽)

Other News

  • Space Nation shares the roadmap for its upcoming game, noting players will use generative AI to personalize the experience

  • Mastercard’s NFT-powered soccer trivia game for ‘23/’24 UEFA Champions League offers fans a chance to win match tickets

  • Pixels Online $PIXEL token will launch on Binance Launchpool

  • French Montana posts about Ordinals, offers VIP backstage passes for top Quantum Cat buyers in Feb.

  • Apple partners with the University of Santa Barbara to develop MGIE, an open-source AI model for natural language image editing

  • ARK 21Shares refiles spot ETH ETF to align with approved BTC ETF, includes plans to stake a portion of the ETF’s ETH holdings

  • Disney x Epic Games collab for new game, entertainment universe expanding Disney stories & experiences; connected to Fortnite

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